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Investment Highlights

  • Located in Grove, OK, a growing market.
  • Easy Access to Major Highways and Local Businesses.
  • Close Proximity to Grand Lake O’ the Cherokees.

Executive Summary

72 Garden/Low Rise Units. (32) 1 Bed/1 Bath. (40) 2 Bed/2 Bath. 95.8% Occupancy. NOI: $463,101.61. High-quality construction with modern amenities. Strong market Fundamentals and demand for rental housing. Stable cash flow with strong rental history. Landlord Friendly Market. Offering Memorandum Available Upon Request

Property Facts

Price $9,846,720 CAD
Price Per Unit $136,760 CAD
Sale Type Investment
Cap Rate 6.43%
No. Units 72
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class B
Lot Size 7.84 AC
Building Size 49,867 SF
Average Occupancy 96%
No. Stories 2
Year Built 2016
Parking Ratio 1.86/1,000 SF

Amenities

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Disposal
  • Washer/Dryer
  • Washer/Dryer Hookup
  • Ceiling Fans
  • Kitchen

Site Amenities

  • 24 Hour Access
  • Controlled Access
  • Clubhouse
  • Fitness Center
  • Pool
  • Tenant Controlled HVAC
  • Smoke Free
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 32 - -
2+2 40 - -
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100

Property Taxes

Property Taxes

Parcel Number
0088593
Land Assessment
$13,134 CAD
Improvements Assessment
$710,838 CAD
Total Assessment
$723,973 CAD
  • Listing ID: 35043874

  • Date on Market: 2025-03-06

  • Last Updated:

  • Address: 810 Quail Run Rd, Grove, OK 74344

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